Collective Family Office LLC Takes $215,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Collective Family Office LLC acquired a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 954 shares of the home improvement retailer’s stock, valued at approximately $215,000.

Several other institutional investors also recently bought and sold shares of LOW. Ritter Daniher Financial Advisory LLC DE raised its holdings in Lowe’s Companies by 357.1% in the 1st quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Tanglewood Legacy Advisors LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at about $30,000. Grey Fox Wealth Advisors LLC purchased a new stake in Lowe’s Companies in the fourth quarter worth about $31,000. Ruedi Wealth Management Inc. bought a new stake in Lowe’s Companies during the 4th quarter valued at approximately $32,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $35,000. 71.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the sale, the executive vice president now owns 46,594 shares of the company’s stock, valued at $10,368,562.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Janice Dupre sold 5,380 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $231.28, for a total value of $1,244,286.40. Following the completion of the sale, the executive vice president now directly owns 24,216 shares of the company’s stock, valued at $5,600,676.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 4,500 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the sale, the executive vice president now owns 46,594 shares of the company’s stock, valued at approximately $10,368,562.82. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of research reports. Morgan Stanley increased their price objective on Lowe’s Companies from $235.00 to $255.00 and gave the stock an “overweight” rating in a report on Wednesday, August 23rd. TD Cowen lifted their price target on shares of Lowe’s Companies from $225.00 to $230.00 and gave the company a “market perform” rating in a research report on Wednesday, August 23rd. The Goldman Sachs Group dropped their price objective on shares of Lowe’s Companies from $260.00 to $252.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. Truist Financial lifted their target price on shares of Lowe’s Companies from $249.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Sanford C. Bernstein upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $252.00 to $282.00 in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $237.48.

Lowe’s Companies Trading Down 1.0 %

LOW opened at $217.72 on Tuesday. The stock’s 50-day moving average price is $227.93 and its 200 day moving average price is $213.68. Lowe’s Companies, Inc. has a 12-month low of $176.50 and a 12-month high of $237.21. The firm has a market cap of $125.65 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.43 and a beta of 1.09.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, August 22nd. The home improvement retailer reported $4.56 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.07. The business had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.97 billion. Lowe’s Companies had a negative return on equity of 58.56% and a net margin of 6.48%. The company’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.67 earnings per share. On average, research analysts forecast that Lowe’s Companies, Inc. will post 13.45 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 43.31%.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.